Other Business
Enhanced Guarantees on Small Business Loans
Date:
March 16, 2009
Who:
SBA
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Other Business
Action Type:
Government Guarantee Part of a package of government actions by the Treasury Department and Small Business Administration (SBA) on March 16, 2009 to promote small business lending.
The SBA previously provided a maximum guarantee on its 7(a) loans of up to 85% for loans below $150,000, and 75% for loans about $150,000. This guarantee will be raised to 90% for all loans.
Notes:
Provision costs are unknow.
Deficit impact unknown.
Temporary Corporate Tax Cuts
Date:
February 13, 2008
Policy Area:
Fiscal Policy
Economic Target:
Other Business
Action Type:
Tax Break
Maximum Amount:
$51.00 billion
Amount Spent:
$51.00 billion
Deficit Impact:
$7.50 billion This law (H.R. 5140) included two provisions aimed at providing temporary tax breaks for businesses. The first provision allowed businesses to deduct 50 percent of their investments in certain depreciable property (e.g. equipment and computer software) from 2008 taxable income. The second provision increased the expensing allowance for depreciable business assets up to $250,000 and increased the maximum phase-out threshold for the allowance to $800,000.
Source:
Support of Small Business Credit
Date:
March 16, 2009
Who:
SBA
Policy Area:
Sector Policy (Non-Financial)
Economic Target:
Other Business
Action Type:
Loans
Maximum Amount:
$15.00 billion Program begun by the Treasury and Small Business Administration (SBA) to address a systemic lack of small business credit.
Notes:
Maximum amount represents announced upper limit for SBA-backed security purchases. Amount spent is total investment amount as of 3/22/2012. Deficit impact unknown.
